Do you want to know how to make passive money with your NFTs? Passive income is a great way to do just that! In this blog post, we will discuss what NFT passive income is and how you can start earning it today. We will also go over some of the best ways to make passive income with NFT. So if you’re ready to learn, keep reading!
NFTs Staking
Is a process where you can earn NFT passively by holding or owning an NFT. When you stake an NFT, you are essentially giving up your NFT to be used by someone else in exchange for a small fee. The staking process is used to help secure networks like Ethereum and provide liquidity to DeFi protocols. In return for your NFT, you will earn a small amount of the NFT’s underlying asset. For example, if you stake an ERC-20 token, you will earn a small amount of ETH. The amount of ETH you earn will depend on the length of time you stake your nft and the amount of nft you have staked.
NFTs Renting
Another way to earn NFT passive income is by renting out your NFTs. There are a few platforms that allow you to do this, such as nftmarketplace.io and nftlend.com. To rent out your NFTs, you will need to create a listing on one of these platforms and specify the amount of time you want to rent your NFT for. Once your NFT is rented, the renter will pay you a small amount of the NFT’s underlying asset. For example, if you rent out an ERC-20 token for one week, you may earn a small amount of ETH. The amount of ETH you earn will depend on the length of time you rent your NFT and the amount of NFT you have rented.
NFTs Farming
Farming is a process where you can earn NFT passively by providing liquidity to a pool of NFTs. When you farm NFTs, you are essentially giving up your NFTs to be used by someone else in exchange for a small fee. The farming process is used to help secure networks like Ethereum and provide liquidity to DeFi protocols. In return for your NFTs, you will earn a small amount of the NFT’s underlying asset. For example, if you farm an ERC-20 token, you will earn a small amount of ETH. The amount of ETH you earn will depend on the length of time you farm your NFTs and the amount of NFTs you have farmed.
